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ash with its bank 8-4A a bank on and The following information is available to reconcile Branch Company's book balance of ca statement cash balance

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ash with its bank 8-4A a bank on and The following information is available to reconcile Branch Company's book balance of ca statement cash balance as of July 31, 2017 a. On July 31, the company's Cash account has a $27,.497 debit balance, but its July bank shows a $27,233 cash balance b. Check No. 3031 for $1,482 and Check No. 3040 for $558 were outstanding on the June ustments 31 is not. Also, are not among the onciliation. Check No. 3040 is listed with the July canceled checks, but Check No. 3031 Check No. 3065 for $382 and Check No. 3069 for $2,281, both written in July, a canceled checks on the July 31 statement c. In comparing the canceled checks on the bank statement with the entries in the accoun $1,270 but was is found that Check No. 3056 for July rent expense was correctly written and drawn for Sds, erroneously entered in the accounting records as $1,250 d. The July bank statement shows the bank collected $8,000 cash on a noninterest st-bearing note for Branch had not Branch, deducted a $45 collection expense, and credited the remainder to its accoun recorded this event before receiving the statement. e. The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF cha The check SF Branch has not yet recorded this check as N had been received from a customer, Evan Shaw. f. The July statement shows a $25 bank service charge. It has not yet been recorded in miscellun expenses because no previous notification had been received. g. Branch's July 31 daily cash receipts of $11,514 were placed in the bank's night depository on that d but do not appear on the July 31 bank statement. Required 1. Prepare the bank reconciliation for this company as of July 31, 2017 2. Prepare the journal entries necessary to bring the company's book balance of with the reconciled cash balance as of July 31, 2017 Analysis Component 3. Assume that the July 31, 2017, bank reconciliation for this company is prepared and some items ane treated incorrectly. For each of the following errors, explain the effect of the error on (i) the adjusted bank statement cash balance and (ii) the adjusted Cash account book balanse a. The company's unadjusted Cash account balance of $27,497 is listed h reconciliation as $27947 b. The bank's collection of the $8,000 note less the $45 collection i l to the bank statement cash balance ont

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